EUR has been under pressure after Draghi’s speech at a forum in Portugal regarding the European monetary policy.
The support rests at 1.15310 with resistance at 1.15880 which both lines are below the weekly pivot point at 1.16670. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD is in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 1.15.